Rent to Own Homes in Jurupa Valley
Located less than 20 miles southwest of San Bernardino, about 13 miles southeast of Rancho Cucamonga and nearly 20 miles northwest of Moreno Valley, this city is positioned in one of the more scenic areas of California. If you enjoy living an active lifestyle, you may appreciate the many mountainous state parks located within 20 miles of Jurupa Valley. This includes Chino Hills State Park, Lake Mathews Estelle Mountain Reserve, Lake Perris State Recreation Area and Box Springs Mountain Park.
Buying a Home in Jurupa Valley?
Jurupa Valley has a healthy real estate market with more than 300 homes for sale at most times. While you can find some homes listed for less than $300,000, this is the minimum price for most homes in the area. If you're searching for homes in move-in ready condition, expect to pay closer to $500,000. For luxurious homes with modern amenities in the best neighborhoods, it's common for buyers to pay more than $1 million.
The median listing price for the whole city is often around $420,000, so it's common for residents to pay more than $200 per square foot for their homes. The median closing price is often under $400,000, so it's possible to strike a deal on a property that is listed at a price slightly higher than your maximum budget.
Popular Neighborhoods in Jurupa Valley?
If you're interested in purchasing a new home in Jurupa Valley and also want a family-friendly community, consider properties within the Harvest Villages II complex. Prices start just over $500,000 for one or two-story homes already equipped with solar panels. Each home features at least three bedrooms and three bathrooms, and the open floor plans are a big attraction with many families. You may also appreciate the upscale kitchens that feature granite counter tops. This community is within the Mira Loma neighborhood, which is close to Jurupa Valley High School, Mira Loma Middle School and Sky Country Elementary School. There are other housing communities within this area that you may consider as well.
If you need lower home prices, consider the Glen Avon area. The median listing price is typically around $350,000 here, and the median sales price hovers much closer to $300,000. There are five elementary schools, two middle schools and three high schools close to this neighborhood, so it's a central location for many families with younger children.
Buying vs. Rent to Own Homes?
If you're searching the market for a new home but haven't applied for a home loan yet, you may consider slowing down the process by opting for a rent-to-own property. This is a unique contract that offers an initial rental period. During this period, the current owner of the home may assume responsibility for repairs and basic upkeep for the property. This allows you to get comfortable in your new home while you take your time securing a home loan with a reasonable interest rate. If you believe that you will qualify for a lower interest rate in a year or two, you may find this type of contract ideal.
Cost of Living in Jurupa Valley?
While the cost of living in Jurupa Valley is typically 10-15 percent above the national average, it's also approximately 40 percent lower than the California state average. This is largely a reflection of the housing market, which is about 20 percent higher than the national average. Housing in other areas of the state can double or even triple the national average, making Jurupa Valley one of the more affordable California cities. You can expect to pay slightly above-average prices for most everyday goods and services while utilities run about 10 percent higher than the national average. If you purchase a home with solar panels, you can save considerably on your utility bills.
If you enjoy spending time outdoors and want to live near the mountains for easy access to hiking and mountain biking trails, Jurupa Valley is calling your name. This city has fewer than 100,000 residents and features homes that often sell for more than 20 percent less than similar homes located in other California cities. The closest mountains are located within Box Springs Mountain Park, but residents also enjoy easy access to Chino Hills State Park and Lake Perris State Recreation Area. Families with younger children also appreciate the comfortable neighborhoods located close to quality public schools.
Summary
If you enjoy spending time outdoors and want to live near the mountains for easy access to hiking and mountain biking trails, Jurupa Valley is calling your name. This city has fewer than 100,000 residents and features homes that often sell for more than 20 percent less than similar homes located in other California cities. The closest mountains are located within Box Springs Mountain Park, but residents also enjoy easy access to Chino Hills State Park and Lake Perris State Recreation Area. Families with younger children also appreciate the comfortable neighborhoods located close to quality public schools.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
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